The Hillsborough Recorder

A New York letter of the 12th, draws the following melancholy picture of the suffering in that city. How much greater will it be the approaching winter. It almost makes one sick to think of it:

"A great many workmen, mechanics and clerks, as they get their week's wages, were discharged. The New York Hemp Company's factory in East Brooklyn, which employs over 400 hands, and has been running on short time, stopped altogether last week. One well acquainted with the cigar manufacture in the city, gives it as his opinion that 3,000 cigar-makers are now thrown out of employment. The stevedores and long-shoremen are almost entirely unemployed. A long and solemn string of idle carts and cartmen were visible on Saturday along South street, where they were generally busiest. About two-thirds of the journeymen in the job and book printing offices have been also turned off. The same may be said of the book binders, hat and cap makers, dress makers, and other occupations. This is the result of necessity, as their employers do not realize money enough to pay their weekly salaries.

Men stand on the corners in groups discussing the events of the day, and speculating upon the probabilities of a change for the better or the worse. It is agreed on all hands that a dreadful winter is before us, and unless something be done at once to relieve the wants of the mechanics and working people thrown out of work, there is room for the most serious apprehensions.

No less than 1,150 girls have been thrown out of employment in a single branch of business in this city, the cloak trade. The suspension of the bazaar houses of John N. Genin will also cause the discharge of several hundred persons—Mr. G. having between five and six hundred in his employ.

Bennett on The Panic. The New York Herald doesn't believe that the present financial distress originates in high or low tariffs. It says:

"We cannot trace them to the tariff of '46; but we can trace them to the banks and stock jobbers, the railroad speculators, the fashions, humbugs, robberies, nincompooperies, extravagances, wantonness, licentiousness, rogueries, defalcations, embezzlements, forgeries, frauds, perjuries, and all the other rascallities of a wide spread demoralization among men and women, saints and sinners—from puritanical Boston to Sabbath breaking New Orleans. These are the potent causes of the present revulsion, and a two hundred per cent. tariff against these terrible evils of the times would have been as powerless as a rowboat in the rapids of Niagara. Millionaire railroad jobbers, stock jobbers, land jobbers, banks, speculators, peculators and forgers, fast men, fast women, fast horses, brandy, billiards and faro, French gewgaws, fashionable rivalries in wasting money, and all such rubbish, stuff and abominations have done the business. The tariff of '46 can't be made the scapegoat of the revulsion of '57; we have been enjoying a huge carousal, and are now called upon to foot the bill. That's all."